Jane Street Group LLC Has $732,000 Holdings in TAL Education Group (TAL)
Jane Street Group LLC raised its position in shares of TAL Education Group (NYSE:TAL) by 236.6% in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 21,701 shares of the company’s stock after buying an additional 37,587 shares during the period. Jane Street Group LLC’s holdings in TAL Education Group were worth $732,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Baillie Gifford & Co. boosted its position in TAL Education Group by 530.5% during the 3rd quarter. Baillie Gifford & Co. now owns 23,724,100 shares of the company’s stock valued at $799,739,000 after buying an additional 19,961,398 shares during the period. Greenwoods Asset Management Ltd lifted its position in shares of TAL Education Group by 474.7% in the 3rd quarter. Greenwoods Asset Management Ltd now owns 6,626,686 shares of the company’s stock worth $223,386,000 after purchasing an additional 5,473,555 shares during the period. Principal Financial Group Inc. lifted its position in shares of TAL Education Group by 501.8% in the 3rd quarter. Principal Financial Group Inc. now owns 4,816,308 shares of the company’s stock worth $162,358,000 after purchasing an additional 4,015,962 shares during the period. Thornburg Investment Management Inc. lifted its position in shares of TAL Education Group by 1,386.4% in the 3rd quarter. Thornburg Investment Management Inc. now owns 3,353,831 shares of the company’s stock worth $113,058,000 after purchasing an additional 3,128,201 shares during the period. Finally, TB Alternative Assets Ltd. lifted its position in shares of TAL Education Group by 444.4% in the 3rd quarter. TB Alternative Assets Ltd. now owns 2,836,432 shares of the company’s stock worth $95,616,000 after purchasing an additional 2,315,385 shares during the period. 51.34% of the stock is owned by institutional investors and hedge funds.
Several equities research analysts have recently commented on TAL shares. Macquarie cut shares of TAL Education Group from an “outperform” rating to a “neutral” rating in a research report on Friday, October 27th. Jefferies Group raised their target price on shares of TAL Education Group to $35.00 and gave the stock a “buy” rating in a research report on Monday, August 28th. Zacks Investment Research cut shares of TAL Education Group from a “buy” rating to a “hold” rating in a research report on Tuesday, August 29th. Bank of America reaffirmed a “buy” rating and issued a $40.30 target price (up from $29.10) on shares of TAL Education Group in a research report on Monday, September 25th. Finally, Morgan Stanley started coverage on shares of TAL Education Group in a research report on Friday, August 25th. They issued an “overweight” rating and a $37.00 target price for the company. One research analyst has rated the stock with a sell rating, three have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. TAL Education Group has an average rating of “Buy” and an average price target of $31.16.
Shares of TAL Education Group (NYSE:TAL) traded up $0.26 during midday trading on Friday, reaching $29.25. 1,874,500 shares of the company were exchanged, compared to its average volume of 3,997,926. TAL Education Group has a one year low of $11.02 and a one year high of $36.16. The stock has a market cap of $14,172.11, a PE ratio of 120.79, a P/E/G ratio of 1.35 and a beta of 0.19. The company has a debt-to-equity ratio of 0.32, a quick ratio of 1.14 and a current ratio of 1.14.
TAL Education Group (NYSE:TAL) last issued its quarterly earnings results on Thursday, October 26th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.12 by ($0.02). TAL Education Group had a net margin of 9.90% and a return on equity of 18.17%. The business had revenue of $455.80 million for the quarter, compared to analysts’ expectations of $441.18 million. TAL Education Group’s quarterly revenue was up 68.1% on a year-over-year basis. research analysts anticipate that TAL Education Group will post 0.37 earnings per share for the current year.
About TAL Education Group
TAL Education Group is a holding company for a group of companies engaged in provision of after-school tutoring programs for primary and secondary school students in the People’s Republic of China (the PRC). The Company is a K-12 after-school tutoring services provider in China. The Company’s Xueersi Peiyou small classes course consists of approximately four semesters, which include approximately two school semesters in Spring and Fall, and approximately two holiday semesters in summer and winter.
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